2012 4 ouncements D Question 39 Enments cussions Extra Credit-Stockholder's Equity (ots) ades: ople labs i Quizzes Google Drive 39 (90) Coastal Manufacturing, Inc. issued 500,000 shares of $3 pie value common stock at the time of its incorporation The stock was issued for cash at a price of $10 per share. During the first year of operations, the company sustained a net loss of $100,000. The year end balance sheet would show the bance of the Common Stock account to be A $1.500.000 $1,400.000 O.C. 54.300.00 ob$1.000.000. 0 Question 40 Katta Creditoventory Svates at 40 Wan of the wing stood mancatoni Opts O pts 0